Home Automation System Market Analysis, Demand, and Size of Industry will grow 151.57 Billion by 2030 | The startling expansion of Global Market

By 2030, the Home Automation System Market is anticipated to reach USD 151.57 billion, growing at a compound yearly growth rate of 11.1%. The vast prevalence of various types of home automation systems and their deployment in numerous global locations is the primary cause of this startling market expansion. Due to their ability to enter the home in the form of the security sector, telecom firms have a sizable and established client base that is growing. With the introduction of technical developments and changes in demography, the home automation manufacturer has excellent chances that will help both the growth of their personal and home automation system markets by the conclusion of the forecast period in 2026.

The uprising usage of smartphone devices along with the emergence of IoT technology has been playing a key role as a driving source of this market.

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Home Automation System Market Key Players –

Some of the important key companies in the Home Automation System Market are present on the international scene and have made contributions to raising market revenue. These significant pivotal figures are HONEYWELL INTERNATIONAL INC. (U.S.), ACUITY BRANDS, INC. (U.S.), JOHNSON CONTROLS INC. (U.S.), UNITED TECHNOLOGIES CORPORATION (U.S.), CRESTRON ELECTRONICS, INC. (U.S.), LEGRAND (FRANCE), SCHNEIDER ELECTRIC SE (FRANCE), ABB LTD. (SWITZERLAND), SAMSUNG ELECTRONICS CO., LTD. (SOUTH KOREA), SIEMENS AG (GERMANY), SAVANT SYSTEMS LLC. (US), CONTROL4 CORPORATION (US), AMX LLC (US), CRESTRON ELECTRONICS INC. (US).

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Home Automation System Market Regional analysis –

North America, South America, Asia Pacific, Europe, and the Middle East & Africa are the six primary regions of the world where the home automation system sector is amazingly active. The market for home automation systems will be dominated by the North American region among all of them, and the reason for this is the rise in household energy management needs. Acuity Brands, Inc., Honeywell International Inc., Johnson Controls IncCrestron Electronics Inc., and others make up 75% of the market’s major players are present in growing nations in this region, such as the United States of America and Canada, which is another element that will support the rapid expansion of this industry. During the assessment period, the Asia Pacific area will also see a significant increase as a result of the rise in residential and commercial projects. Another factor that would support the growth of the home automation system market in the Asia Pacific region is the region’s growing population and per capita disposable income. Energy savings made possible by these home automation systems lower electricity costs and boost homeowners’ disposable income.

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Home Automation System Market Segmentation –

The Home Automation System Market is ideally categorized into 4 parts based on protocol & technology, product, software & algorithm, and region. The segmentation based on protocol & technology is further sub-categorized based on network and wireless sections. The product-based market is further divided into lighting, security and access control, HVAC and entertainment control. The software & algorithm category is divided into behavioral and proactive sections. Whereas the region-based category is divided into North America, APAC, Europe and Row.

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